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Option 3 : 77.78%
Given:
Cost Price of 1000 grams sugar = Rs. 24
Selling Price of 1000 grams sugar = Rs. 32
Weighs 750 grams instead of 1000 grams
Formula Used:
Profit = SP - CP
Profit % = (Profit/CP) × 100
Calculation:
Amit is giving only 750 grams instead of 1000 grams
Cost price of 750 grams of sugar = Rs. (750/1000) × 24
⇒ Rs. 18
Selling price of 750 grams of sugar = Rs. 32
Profit = SP - CP
⇒ Rs. (32 - 18)
⇒Rs. 14
Profit % = (Profit/CP) × 100
⇒ (14/18) × 100%
⇒ 77.78%
∴ The actual profit percentage is 77.78%.
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